IncomeXpert for mortgage lenders
IncomeXpert automates and guides mortgage income analysis across FNMA, FHLMC, FHA, VA, and USDA guidelines — so your team qualifies borrowers with confidence, and your loans hold up under audit.
Agencies covered
0
Underwriting advisories
0
+
Extra cost for reps & warrants
$
0
Years, zero repurchase demands
0
For Loan Officers & Brokers
A fast, automated, defensible qualifying income to price and structure the loan correctly the first time.
For Underwriting
Full authority to adjust and override, backed up by guideline advisories and an audit trail that protects the file.
How IncomeXpert Works For Mortgage
Upload
Tax returns, pay stubs, bank statements, W2. IncomeXpert reads each document individually, finds the information needed and creates income worksheets based on your borrower's data.
Calculate
The IncomeXpert is three income analysis engines in one. IncomeXpert calculates qualifying income, but you can also get the FNMA Income Calculator and FHLMC AIM Check qualifying values as well. You get the power of three income analysis engines at your fingertips.
Advise
With over 200 underwriting advisories covering eligibility, stability, and income opportunities, IncomeXpert remembers all of the guidelines your team may forget.
Adjust
Some risk is acceptable, and IncomeXpert knows that. We give you the ability to deviate from our recommendation, and select a higher qualifying income. Your underwriting team doesn't lose control to take acceptable risk, where appropriate.
Finalize
Output a worksheet showing all the sources, calculations, advisories, and underwriting adjustments. Version controlled, and backed by a full field-level change log for audit purposes.
What You Get
Confidence
Agency guidelines are completely covered giving you confidence a guideline will never get missed or misinterpreted. No more relying on human memory, or a binder of procedures for your team. Full reps and warrants included at no additional cost.
One Qualifying Income
No matter who is working the file you get the same qualifying income. Same inputs get you the same output. No more variation between team members. A new processor and a 20-year underwriting veteran land on the same qualifying income.
Ability to Scale
Some files tie up your team for hours, sifting through thousands of pages of documentation. The automation with IncomeXpert can handle those files in minutes, not hours. Your team gets back a completed income analysis while they are freed up to work on other tasks.
Visibility
A complete audit trail for each field on the loan file is standard. Know what changed and when, so you never have to guess how something got changed, or who changed it. Each income analysis PDF report is versioned and time-stamped so you can track the latest analysis data.
Every Agency. Every Purpose.
- Conventional
- FHA
- VA
- USDA
- Purchase
- Rate and Term Refinance
Trusted by Mortgage Lenders on Thousands of Loans a Month
I like that it is very user-friendly, especially with the aspect of changing calculation methods accordingly, per loan product type. It is nearly impossible to do an incorrect income calc with this software!
It’s a great product, and provides so much relief in underwriting.
User Friendly, And graphical representation make simple to understand.
I love that it consistently updates to the changes in rules and regulations for representatives. I love that I know that my income calculations will be the same no matter who on our team calculates it. That consistency is vital to fair lending, compliance and overall a strong loan portfolio!
It is very easy to calculate the income on Blueprint and the beautiful thing is you will get a detailed report generated which you and further review.
Everything about the software is awesome! Ever since I became a user back in 2016, my income calculations have gotten better, and my understanding of income has improved. I would recommend this program to any mortgage company, loan officer, or loan processor.
Frequently Asked Questions
IncomeXpert is built with controls in place so the entire team can use it. Sales and operations.
IncomeXpert is built for mortgage, consumer, and HELOC. We have a broad variety of lenders using IncomeXpert for a variety of lending scenarios where getting the income correct is essential.
When IncomeXpert says automated, this is where you the lender are uploading income documents to us for scanning. A guided review is where your team follows our web view to enter the income data for IncomeXpert to analyze. IncomeXpert guides the user as to what data to enter and any advisories that might arise.
IncomeXpert is software for lenders to equip their teams with the confidence and automation to calculate income for any scenario with confidence.
IncomeXpert provides rep and warrant relief to our clients if you are using our recommended income values.
Additionally if you are using FNMA Income Calculator or FHLMC AIM Check through IncomeXpert, then FNMA will provide rep and warrant relief on that specific income.
In some scenarios you might have R&W coverage from FNMA Income Calculator on some income, but R&W coverage from IncomeXpert on the incomes not supported by FNMA Income Calculator.
Yes. Our calculation worksheets are dynamic. You can adjust the values as new data becomes available and see the results instantly.
You can perform what-if scenario testing and see the results in real-time.
Yes, we are integrated with Encompass and are working on adding more native LOS integrations. We also have an API for scenarios where lenders want to build something more custom themselves.